Wireless Health Market worth 110.12 Billion USD by 2020

The report "Wireless
Health Market by Technology (WPAN, WLAN/Wifi, WiMAX), by Component (Hardware,
Software, & Services), by Application (Patient Specific and Provider/Payer
Specific), & by End Users (Providers, & Payers) - Analysis & Global
Forecast to 2020", this report studies the global wireless health
market for the forecast period of 2015 to 2020. This market is expected to
reach USD 110.12 Billion by 2020 from USD 39.03 Billion in 2015, at a CAGR of
23.1%.

The global wireless health market is segmented on the basis
of technologies, components, applications, end users, and regions.

On the basis of components, the wireless health market is
segmented into hardware, software, and services. The software segment is
expected to grow rapidly during the forecast period. The increasing need of
advancements in healthcare software and rising adoption of healthcare IT
solutions are the major driving factors for growth of this market.

On the basis of technology, the wireless health market is further
segmented into WPAN, WLAN/WiFi, WiMAX and WWAN. The WPAN technology market
segment accounts for the largest share of the global wireless health market in
2015. WPAN links wireless health devices with computers, increasing
accessibility to care. The WPAN technology segment is further segmented into
Bluetooth, RFID, Ant+, Zigbee, Z-wave, and UWB. The Bluetooth segment accounts
for the largest share of the WPAN market in 2015. Low costs and highly secure
facilities are factors that have increased the share of WPAN technologies in the
wireless health market.

On the basis of applications, the wireless health market is segmented
into patient-specific applications and provider/payer-specific applications.
Patient-specific applications account for a major share of the global wireless
health market in 2015. Changing lifestyle demographics and the growing demand
for quality healthcare have increased the adoption of patient-specific
applications. Patient-specific applications are further segmented into
physiological monitoring and patient communication applications.

On the basis of end users, the wireless health market is segmented into
providers, payers, and patients/individuals. Providers include hospitals,
ambulatory care centers, and physicians, among others. The providers segment
accounts for a major share of the global market in 2015. Providers are
increasingly adopting wireless health solutions in order to provide quality
care services. The wireless health market for patients/individuals is expected
to grow rapidly from 2015 to 2020.

On the basis of region, the global wireless market is divided into
North America, Europe, Asia-Pacific, and the Rest of the World. In 2015, North
America accounts for the largest share of the market, followed by Europe and
Asia-Pacific. The large share of the North American wireless health market can
primarily be attributed to the federal mandates in the U.S. and rising digital
health measures in Canada. The Asia-Pacific region is estimated to grow rapidly
during the forecast period due to rising internet penetration, growing medical
tourism, and increasing government initiatives for eHealth.

Federal mandates such as Meaningful Use Stage II and growing adoption
of wireless health devices among the elderly and patients suffering from
chronic illnesses are some of the factors driving the growth of the wireless
health market.

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